BioVersys Extends its Strategic Collaboration with GSK and Series C Round by CHF 12.3M

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BioVersys and GSK have expanded their strategic collaboration to accelerate Alpibectir’s (BVL-GSK098; Small molecule) development. Beyond the present P-IIa, both companies will continue to develop Alpibectir in TB pulmonary and TB meningitis
Under the collaboration, GSK will participate in BioVersys’ Series C extension with equity investment. Addition of CHF 12.3M from existing and new investors, results in total of CHF 44.9M in Series C round
Additional funding will support clinical development of BioVersys’ portfolio includes BV100, a hospital antibiotic targeting Acinetobacter baumannii

Ref: BioVersys | Image: BioVersys

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